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To: Ilaine who wrote (48)	2/19/2001 7:50:53 PM
From: Don Pueblo	Respond to of 6901

Every state is different. Lenders are bound by law to explain everything to you. www4.law.cornell.edu The problem is that lots of "loan officers" have no idea what the law is. There is a huge difference between a loan officer at a place like Beneficial Finance and one at Chase. The ones at the big institutions don't get paid much and don't have much incentive to try and make a loan. The little guys have much more incentive, but will never tell you that you are over-qualified. I actually got fired from a place for telling a prospect that he could get a better loan from a bank than the one he wanted from the place I was working at. I've not thought about it until just now, but I'll bet there is a place on the Internet where you can find out all the secret stuff that the lenders don't want you to know. I'll search around and see what I can find.

To: Ilaine who wrote (48)	2/19/2001 8:09:29 PM
From: Don Pueblo	Read Replies (1) \| Respond to of 6901

askmortgagemaster.com planetloan.com realtytimes.com nolo.com members.aol.com quickenloans.quicken.com realmart.com ago.state.mo.us consumersunion.org realtytimes.com realtytimes.com

To: Ilaine who wrote (48)	2/19/2001 8:34:56 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 6901

BTW, I won't get into the stuff I've seen inside the mortgage industry. It's almost as bad as the securities industry. I can, if prompted, provide extremely amusing anecdotes...like the guy that walked up to my desk one day with a photocopy of an "Indian Land Grant" for 600 square miles (yes, 600 square miles) of Riverside County in California and said he needed a million dollars in 48 hours...or the "broker" who brought a loan in with himself as the referral but who failed to mention he didn't actually have a license and the one he was showing was forged and he was actually out on bail. Like we wouldn't check these things before actually slicing a check... And it's nice to be on a thread where the people are not trying to pick fights with each other.